E-cigarettes and Vaping Market, Global Outlook and Forecast 2023-2029

E-cigarette is a kind of electronic product that imitates cigarette. It has the same appearance, smoke, taste and feeling as cigarette. It is a kind of product that can be inhaled by users after nicotine is turned into steam by means of atomization.
Electronic cigarette is composed of atomizer, control chip and battery. When the electronic cigarette is working, the liquid of the electronic cigarette is transferred to the atomization room, and then connected through the smoking air switch, and then the control chip (lithium battery drive) controls the heating of the atomization room to generate the vapor fog simulating the smoke, so as to meet the pleasure of smokers and the psychological habits developed for many years.
This report aims to provide a comprehensive presentation of the global market for E-cigarettes and Vaping, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding E-cigarettes and Vaping. This report contains market size and forecasts of E-cigarettes and Vaping in global, including the following market information:
Global E-cigarettes and Vaping Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global E-cigarettes and Vaping Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five E-cigarettes and Vaping companies in 2022 (%)
The global E-cigarettes and Vaping market was valued at US$ 2105.2 million in 2022 and is projected to reach US$ 1205.5 million by 2029, at a CAGR of -7.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
There are two main types of E-cigarettes and Vaping products: with and without display screen. Among them, the largest proportion is without display screen. In 2019, the market share is about 87%, accounting for more than half of the total market.
North America is the main sales area, accounting for about 42% of the global total sales. In the U.S. market, e-cigarettes are mainly occupied by large manufacturers affiliated to large multinational tobacco companies. Altria Group?Imperial Tobacco?ReynoldsAmerican?Japan Tobacco Inc and other well-known multinational tobacco companies have set up e-cigarette field, accounting for about 70-80% of the market space.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the E-cigarettes and Vaping manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global E-cigarettes and Vaping Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global E-cigarettes and Vaping Market Segment Percentages, by Type, 2022 (%)
    Without Screen
    With Screen
Global E-cigarettes and Vaping Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global E-cigarettes and Vaping Market Segment Percentages, by Application, 2022 (%)
    Online
    Offline
Global E-cigarettes and Vaping Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global E-cigarettes and Vaping Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies E-cigarettes and Vaping revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies E-cigarettes and Vaping revenues share in global market, 2022 (%)
Key companies E-cigarettes and Vaping sales in global market, 2018-2023 (Estimated), (K Units)
Key companies E-cigarettes and Vaping sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Imperial Tobacco
    ReynoldsAmerican
    Japan Tobacco Inc.
    Altria Group
    VMR Product
    Njoy
    21st Century
    Vaporcorp
    Truvape
    Shenzhen First Union Technology Co.,Ltd.
    BUDDY
    Guangdong Jeray Technology Group Co.,Ltd.
    Innokin
    Smoore
    SMOK
    Hangsen Group
Outline of Major Chapters:
Chapter 1: Introduces the definition of E-cigarettes and Vaping, market overview.
Chapter 2: Global E-cigarettes and Vaping market size in revenue and volume.
Chapter 3: Detailed analysis of E-cigarettes and Vaping manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of E-cigarettes and Vaping in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global E-cigarettes and Vaping capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.